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Royal Bank of Canada Cashes Out of SCO; SCO Begins Layoffs
jbell99999 is the first one to submit news that the Royal Bank of Canada is divesting itself of SCO stock. They're selling part of their preferred stock to Baystar, which has already indicated that they want to redeem their shares, and converting the rest to regular stock, which they can presumably sell on the open market. In other SCO news, Versicherung writes "The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce. The cuts come less than a month after the company brought on a new chief financial officer and just before the company ended its second fiscal quarter April 30." See also stories at Eweek and Linuxinsider.com.
Haha!
This is the end
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I'll never look into your eyes...again
Quite appropriate, don't you think?
....is Canadian shareholders are wiser than the US ones?
"Begins layoffs"? Where have you been, SCO has been laying off staff for months now.
In Santa Cruz, for example, they sliced their tech staff by like 80% or something.
man those linux people must be real meanies... harming an innocent nice company like sco. ugh.
--------
Free mobile porn
It's about damn time... I guess they couldn't keep the air in the stock price any longer.
Man, that's a lot of attorneys out of work!
The beginning of the end! It is indeed the "Year of Linux."
they should start the layoffs with darl and all those damn lawyers... adaptation of an old joke - what darl mcbride and 1/10 of the sco lawyers at the bottom of the ocean? - a good start.
You can lead a horse to prune juice, but you can't make him drink it. Nor would you want to.
This news has me smilin' like the Enzyte Guy!
www.eFax.com are spammers
The subject says it all (at least to any Candians reading this).
Jason
ProfQuotes
That will teach SCO to screw with Linux!
He said BayStar had reached "the conclusion that SCO should focus its resources on its most valuable asset: its intellectual property claims."
I'm sorry, which intellectual property claims were those?
Does Baystar believe their claims of their source code in Linux are meritable?
It couldn't have happened to a nicer group of people.
"Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety."
The link Slasdot.org
....
,lot of publicity (for sure) and a lot of hits on their website , so there's a new concept for you
or just the quote below...
Differently seen companies chasing their tails in copyright infringments, trade protocol violations and intellectual property rights are generally the ones which are going to fall pretty soon.
Short on cash and not being able to earn/fund the millions they were used to in the dotgone era they are metamorphosing into scavengers and opportunists
SCO is a shining example The crummy economy is bringing out the best in a lot of Companys, their legal team thinks, "we are getting irrelevant (as a team) , lets think up something to make some money and make sure we dont' get laid off," "hmmm... patent # 5551212 seems to be worth looking into" and there starts their Road to Hell [lyricsdepot.com]
Easy money (or so they think)
the legal team is now the marketing team
-- everyones not everybody and neither is everybody like everyone.
layoffs, people divesting stock, we all knew it was a matter of time, and like always, "the industry" is behind in its observations. sco has no allies now, even baystar is hinting at letting go. this will probably mean a dismissal of all the suits eventually (hopefully with extreme prejudice), and linux will have had more advertising than money could buy.
Ouch - currently, 50% of the total float of SCOX (the SCO Stock) is shorted.
So, for every person betting it is going to go up, there is someone betting it will go down.
I do not fear computers. I fear the lack of them. Isaac Asimov (1920 - 1992)
... that none of those layed off are lawyers?
and yet, it's really only the beginning of a wonderful new world :)
Say what you want about the policies or politics of SCO, it is always unfortunate when large numbers of people are laid off due to the problems of the company (ie those who made the bad decisions get to keep their cushy jobs).
Help Brendan pay off his student loans
"The Santa Cruz Sentinel is reporting, SCO is laying off 10 percent of its worldwide workforce."
:)
I guess they are laying of lawyers in Germany then?
Like a bad case of hemorrhoids
Though in a way i was hoping this suit would actually end in court, with a legal result that would put others off attempting the same.
-SafT
As a Canadian, I feel ashamed that Royal Bank of Canada invested in such an entity.
"No soup for you!" RBC!
Even if they weren't everybody's darling, they at least didn't manufacture any weapons.
...the witch is (almost) dead, the evil witch is (almost) dead. Heh.
They say the first thing to go is your penis. Well, it's either that or your brain. I forget which...
Uh oh looks like Microsoft is going to need to find a new puppet company to attack Linux through now that SCO's end may be in sight.
Please do not let scientific accuracy interfere with the intended humourous/interesting/insightful value of this comment
Remember, they still have a decent chunk of money in the bank. Until that's gone, this isn't over.
The strange thing about SCOX stock is the volume is very tiny.
Today it was 64,035. That's about the equivalent of 2 day-traders flipping the stock back and forth.
What does that mean? Nobody is interested in buying or selling this thing.
Minion to Darl:
".. We've analysed their attack sir, and there is a danger. Should I have your ship standing by?"
3C
Regards,
John, human
Falling You - beautiful
It is no wonder my Royal Bank investments barely make money. Makes me wonder if they have anyone on staff with even half a clue. Any geeky kid in a small town high school could have picked SCO as a loser.
What people need to realize is that while the Royal Bank of Canada is the indirect cause of the layoffs, the direct cause is still SCO due to their misuse of the Anser Albifrons clause of the DMCA which allows for this behaviour. The previous versions of Linux (2.4 and 2.2), while allowing for activities that are partial to the clause are not stable enough for the Royal Bank to continue to fund the stock trades of the SCO while they are Cashing out as per the title of this slashdot article.
"The Series A-1 stock was purchased at a price of $1,000 per share, and will be converted to common stock based on a conversion price of $13.50 per share." Now.. I'm a stock market clod.. SCOX is currently trading at 6.. It's already lost 58ish percent. At least BayStar knows that the loss is covered.
Looking for a computer support specialist for your small business? Check out
Before you rejoice, think about your fellow geeks, completely innocent when it comes to SCO's executive rampage, who are losing their jobs.
... that MS is going to end up buying SCO. Then MS will probably GPL Unix, drop all the IP suits and end up trying to look like the good guys.
Free Firefox news reader.
Just so ya know, Bert Young has a experience in helping companies that are basically dead in the water keep up the illusion of growth right up to the moment of reckoning. The GL has a story on it here.
"In a 32-bit world, you're a 2-bit user. You've got your own newsgroup, alt.total.loser." -Weird Al
1. Stop suing them.
2. Then start selling an actual product.
3. Profit.
I can't wait to see how Laura Didio spins this one as a plus for SCO.
As a Canadian, AND someone with actual money in RBC investments, I'm totally disgusted. It's as bad in my eyes as having investments in Enron or any other such corrupt company propped up by shady deals and questionable legalities.
Of course, theres no point in whining about it now, as they've made their money and are getting out of it probably with a bit of profit at the expense of people even stupider.
Still, it makes me question the bank I've used exclusively over the past 20 years. I'm forced to take a closer look at what they're doing with my money.
- Have a product
- that is involved in sales
- to customers
- generating revenue
SCO seems to have none of these things.Some mornings it's hardly worth chewing through the restraints to get out of bed.
As glad that I am that a company with questionable business practices is getting what is coming to them, it also marks a pile of Linuxey IT workers who are out of a job. I don't care how evil we may think SCO is, there are folks in there just trying to do a good job and support their families. So, before we say, "Hurray! The Enemy is losing!" we should keep in mind that some of our own are amongst their ranks. Err.. were. Also, imagine applying for a job at a linuxey firm.. "Says here you worked for SCO.. they tried to ruin linux, right" "Oh.. it says SCO? That must be a typo." "There is a whole paragraph, in detail.." "It's ALL A TYPO!"
Utah. Shit. I'm still in Utah.
From SCO.com:
Q. How many people does The SCO Group employ? A. As of April 30, 2003, 339 employees.
From the article:
Stowell said the cuts totaled less than 10 percent of the company's total worldwide work force of 275. There were cuts, however, earlier in the quarter as well. In March the company reported 305 employees, including 73 in Santa Cruz.
339 - 275 = 64 positions gone from April 2003 to May 2004, not including these layoffs. Jeez.
I do fear that the next spin on this will be martyrdom, Poor little SCO couldn't get justice before it was forced to its knees by the brutal linux movement sponsored by the behemoth IBM, or something to that effect.
--
burn, burn (2x)
burn, burn, burn...
open up
now open up
you lied, you faked
you cheated, you changed the stakes
magnet Toss that pie in the sky
unrehearsed, let the bubbles burst
all in all, a three-ring circus
of unity with parody
tragedy or comedy
problably publicity
open up, make room for me
now open up, make room for me
lose myself inside your acchemes
go for the money, honey
not the video screen
be a lying CEO, blah blah blah
go the whole hog be bigger than God
burn SCO Group burn, taking down LindonTown
burn SCO Group burn, down to the ground
burn SCO Group burn, burn Darl McBride burn
take down LindonTown, burn down to the ground
down, into the ground
burn, burn, burn
burn.....
They had a workforce? What did they make?
The party starts now. Anyone who knows where I live, is welcome over here for a drink.
Sheesh... SCO finally laying off? They need to get rid of that senior management that thought of this stupid scheme to chase after Linux. Of all people, they should have took a hint from DEC and the rest of the big computer companies of the 80s. If your product is slowing in it's life-cycle, perhaps it's time to look at adopting a new product? (like Linux??? ) haha. Feel sorry for the poor souls that work for them and are getting laid off though, especially in this economy. You worked for SCO? Welcome to Burgers R US!
-- Friends don't let friends buy Nokia.
Is this a layoff or are they replacing them with more lawyers?
People who bite the hand that feeds them usually lick the boot that kicks them
Not that smart or they wouldn't have invested in the first place. Sure, buying SCOX at the start of this freak-show then selling it at the peak could have made a lot of money, but as I recall, RBC got into this fairly late.
One line blog. I hear that they're called Twitters now.
According to Zdnet those being laid off are mostly in the engineering, marketing, and sales depatments. This is very telling for a so-called "tech" company to lay-off those responsible for creating and selling your core product. Of course we all know that SCO is a litigation company and has no need for engineers to improve a product, no marketers to hype the non-existant product, and no salesmen to.... well you get the idea.
In Santa Cruz, for example, they sliced their tech staff by like 80% or something.
...
And they said that these layoffs were "to help us focus on our core business"
I bet you they won't lay off any lawyers...
I hope this will not take much longer. Sure, people might be selling stock, but who's buying? You'd have to be crazy. Maybe Linux and the GPL will be stronger for weathering this. Whatever. I'm just so sick of this case.
That 10% was probably just their remaining software developers and their tech support staff. The new SCO only needs lawyers and a few executives.
I expect their stock price will go up when the stock market hears about the newly efficient SCO!
steveha
lf(1): it's like ls(1) but sorts filenames by extension, tersely
I completely agree. It is great to hear that SCO is losing their court battles but it is tough to hear people getting laid off. Now all those people have SCO as their last place of employment, that has gotta hurt.
I ask for a car and I get a computer. How's about that for being born under a bad
Managerial Aptitude Test
Q. Your the captain of a ship commanding 100 sailors. Your carrying valuable cargo you need to sell for the owner of the ship. It appears there is a hole in your ship and water is coming in fast. What's do you do?
A. Find out what's wrong and fix it
B. Tell the sailors to start bailing water and sing something happy while they do it
C. Start looking around for at the other ships pilot since this once hasn't got long
D. Move the Cargo to your personal dingy and set sail
E. Tell everyone "This is not happening, everything is normal, the ship cannot be sinking, we take precautions, you know" and remain calm. (Erik the Viking)
F. Start throwing sailors into the sea until to lighten the load?
How beautiful feeling that is.
Look again. He even got another troll in there.
They need to let go of two more people: Darl McBride and David Boies.
It's good to use your head, but not as a battering ram.
Darl is holding Bert hostage in his office rambling on about the fluoride in the water....
Just to add another point of view... this may be a bad thing.
[usual disclaimers here; I'm a layperson who has to deal with issues related to things like this occasionally]
The difference between a real company and an intellectual property holding company is that a real company has some skin in the game when it comes to treating patents as trading cards. An IP holding company doesn't.
As a simple example, consider two companies, "A" and "B", with a patent portfolio of 100 patents each, and real products that they are trying to sell.
When company A says to company B "you're infringing patent A17", B can use its portfolio defensively, and come back with "yes, but you're infringing patent B34; let's trade licenses".
If company A is an IP holding company, there's nothing company B can do but pay whatever extortionate price: Company A has no product, and is therefore not infringing any of B's IP. B is pretty much hanging in the wind.
The only place this isn't true is where B has some IP that A acknowledges is the basis of derivative IP held by A, _and_ A values the ability to continue sublicensing it without B raising sublicense fees for the original work in response to the extortion suit.
IF SCO is, effectively shedding their vulnerable assets, and IF they really have IP assets, this could be an entrenchment where it could end up being very hard to dig them out for a very long time.
The only real recourse to this sort of business model is for company B to attack companies that are infringing B's portfolio, and which are owned by the same people who own company A - effectively countering extortion with blackmail.
Yeah, I'm one of those people who think we need intellectual property law reform.
-- Terry
SCO has attacked much bigger fish, IBM in particular, and made enemies of the entire open source community. Although they clearly don't like it, we are the lifeblood of the Unix world now. Proprietary Unix is not dead, but who runs a Solaris box without Perl on it these days? SCO bet the farm on a lawsuit that was a longshot from the very beginning. Investors and employees can be excused for not knowing that a year ago. But more information just keeps coming out. It isn't a secret that they are going to lose. Without a big chunk of cash from a successful suit, they don't have much of a future. They've gutted the company of anyone who could build them new products. They've alienated everyone they might hire to replace those people. I wonder what string of events these two announcements will trigger. I have some guesses. The next couple of weeks will be interesting to watch.
The question is.... Was that 10% their law department :D
Burn Bright or Fade Away
Will the last lawyer out of the building please turn off the lights?
I'll say this: If their workers had any convictions, SCO wouldn't have to lay anyone off because they would have been gone first.
Really, who the hell is still there? Maybe only those who've been looking for the last 6 mos and couldn't get a job anywhere else...?
Anyone with hardline skills should have found work a while ago and walked.
This is not the end.
This is not even the begining of the end.
But it is the end of the beginning.
All the Linux community has been saying from the beginning is "Put up or shut up."
...ouch...
I have something in common with Stephen Hawking...
Good Lord. RBC is not divesting itself of SCO stock. They are converting preferred to common. Whole different thing.
"Who are in control, they are not in control of anything - they don't even control themselves!" - Glen Beck
Are the SCO employees really that naive that they thought SCO would actually win thier case?
Sounds like SCO was putting all thier eggs in one basket and TUX came and sat on them.
as apparently Mr. Burns is running SCO and has a whole team of Homer Simpsons working for him. :)
Remember, Slashdot does not have a -1 disagree moderation, and no, troll, flamebait, and overrated are not substitutes.
Baystar has what, $80 million in SCO?. If sco wins, they'll be worth billions. So even if there's only a 1% they win, it's still worth the risk.
But, you say, they'll lose all their money if they lose!
That's not true either. Baystar can invest another X in Linux companies, which, if SCO wins will see their stock rise by, suppose, Y%. As long as X * Y > X + 80 million, Baystar will make a profit. And, if SCO wins, they make an emense profit.
autopr0n is like, down and stuff.
Burn, SCO, B-U-R-N !!!
SCO is a shining example
I'm not sure I'd want to use shining to describe SCO. It just sounds too.... positive, like a shining pile of poo.
What yould you use in its place?
Dogma - "let's just say we'd like to avoid any empirical entanglements."
If RBC places an order sell these freaking shares at any price, as fast as you can!!! for a volume of 740,740 shares...
would this potentially affect the stock price?
in what way might the price be affected?
what effect, if any, might this have on the long term outlook of the company?
are there any other concerns a wise investor should have?
Any good investing tips appreciated. (Especially when they are from an internet site! rather than from someone qualified to give investment advice.)
Thanks!
The price of freedom is eternal litigation.
However I did shuffle my mutual funds to non-sco funds and was clear about my reasons for doing so.
Oh, that's a good idea. I'll have to check my holdings to see is any own SCOX. Anyone know any funds that hold SCO right off?
Such lawyers destroy, people employed by Linux companies create, and generate real economical value.
The Raven
What kind of non biased opinion can you expect from the lunixinsider on the SCO case.
Fucking unbeliveable.
Next they will be calling press releases news and not propganda.
Since that image is loading sloooooowly, I thought I'd give the rest of you the text of it:
Calvin (to Hobbes): Do you have any money?
Hobbes: No.
--
Calvin: Hmm... How can we get some?
--
(Both stand around thinking for a frame.)
--
Calvin: Who do we know that we could sue?
"Can't shake the Devil's hand and say you're only kidding."
"SCO and the associated SCO logo are trademarks or registered trademarks of The SCO Group, Inc. in the U.S. and other countries. UNIX is a registered trademark of The Open Group in the United States and other countries. All other brand or product names are or may be trademarks of their respective owners."
man is that easier said then done, huh?
I ask for a car and I get a computer. How's about that for being born under a bad
I thought Baystar wanted out? Why would they be buying more stock? Anyone else confused? Or am I missing something obvious?
I think a reasonably smart SCO employ would have been sending out resumes for the past 6 months.
Use of facts in a slashdot discussion. Completely inappropriate.
MS wouldn't touch SCO directly with a ten metre pole.
But Sun, who is in the business of Unix, might....
<shudder>
www.eFax.com are spammers
How many people does it take to make "large numbers" .. I guess living in the backyard of a major industrial company, anything less than a thousand seems like a drop in the bucket. Big deal, SCO with it's 270ish employees is going to lay off another 10%? The local fast food joint going out of business puts more out of work than that!
So much of the company's value is in its claim to Unix/Linux and so little in its actual products. If the suit fails, SCO will go.
Sell!
Hmmmm.... just buys more time for windows grants at the patent office... seriously, would it surprise you if an un-named/shell corporation steps forward and provides them with the capital they need to become liquid again.... de-ja what?
It always sucks when that happens, especially to our "kind", but you got to wonder how many got what they deserve.
If you were a developer and hadn't turned towards the darkside, you should have been looking elsewhere (maybe IBM?) If you stayed because you thought they had a chance, I guess sco thought you didn't. Jobs are still tought to come by, but no developer/techie/IT, et al at sco should have been surprised by this--they had over a year to prepare.
If you were in marketing/sales and didn't know any better, well that's marketing for you and you can thank the lawyer who has now replaced you.
"Look Lois, the two symbols of the Republican Party: an elephant, and a fat white guy who is threatened by change."
Stock goes up => Big Bonus
Stock goes down => We get your liver
I'm trying to teach myself to set people on fire with my mind... Is it hot in here?
Slashdot editors, PLEASE stop refering to Santa Cruz, CA, when talking about SCO. It is no longer Santa Cruz Operations. It hasn't been for years! That POS company has been a bad enough black spot on this otherwise very cool town long enough. It is 'The SCO Group', and SCO no longer in any way refers to Santa Cruz. Thank you.
Oh, schadenfreude! Oh, schadenfreude! Oh, how I love thee, schadenfreude!
+1 Insightful, -1 Troll. What can I say, I'm an Insightful Troll.
Because a job that pays little and has no insurance is a good as a well paying job!!!
i love the 60s or the 70s or whatever decade 'disco inferno' came out..
This is neither a flame nor usual SCO bashing.
My impression of SCO was it was the product you bought 10 years ago because that power accounting and database software was written for it, dated but does the job and has never rarely failed. Near as I'm aware, they had a somewhat stable customer base, and while they didn't inovate, they started to incorperate much in the way of OSS in order to keep up with the pack, and perhaps actually get some new customers. Selling them old old and true power apps, but save them lots of money by giving them Samba.
I am curious about one thing. What if SCO never fired the first shot in this IP war? Would they still need to downsize? Would they still be considered a dying company? Would it be possible for SCO to continue to exist supplying to main stream folk or would they have simply continued to fade away? After all a successful company isn't always the one with the most money, but one which has found a balance between supply and demand, much easier with a software company then one which produces a physical product.
There is no sanctuary. There is no sanctuary. SHUT UP! There is no shut up. There is no shut up.
Are these quotes in every friggin SCO press release...
...
"a leading provider of UNIX-based solutions and the owner of the UNIX operating system"
and
"The SCO Group (Nasdaq: SCOX - News) helps millions of customers in more than 82 countries to grow their businesses with UNIX business solutions."
Both statements are pure crap.
I'm amazed that the article has no mention of the legal battles that SCO is engaed in. There's an entire paragraph "About SCO", but nothing about what the company actually engages in on a day-to-day basis. How could the author justify the omission of such material?
The "cue the foo posts in 3, 2, 1..." posts will commence with no subsequent foo posts in 3, 2, 1...
They don't want out. Baystar was using the threat of dumping their stock to keep SCO managment in line. They wanted SCO to halt what was left of their software development and sales operations and "concentrate on IP licensing and enforcment". Darl and co. agreed, Baystar withdrew their threat, and now we're seeing the last of SCO's programmers getting downsized.
0 1 - just my two bits
you deserve a beer you hosers !
"I think this is great for SCO - RBC decided that it loved them so much, that it chose to convert 10,000 of its' A-1 shares to common stock, at over TWICE the market rate! How much more of a vote of confidence can you get?
"Their total relinquishment of any controlling interest in SCO is a full ringing endorsement of the current SCO management and business direction.
"Combine this with the fact that the balance of their A-1 shares went to Baystar, a company that has come out in full support of SCO's legal case, means that this is all good news!"
</voice>
I feel dirty now.
I think SCO makes santa cruz look better than its normal consideration
Somethings are right and some are wrong.
I have stood up for what I believe and have paid the costs more than once. IOW, I have quit and been fired for refusing to do the wrong thing & I do have a family.
Yes, they will probably play a martyrdom card. HOwever, it will ring hollow as McBride, his brother, and SCO execs have made a shitload of money out of this.
Hopefully there will be an SEC investigation.... destroying your own public company for personal profit sounds illegal to me.
Ok, so while there is some short-term negative publicity around one major investor bailing, it leaves Baystar capital with much more power over SCO. It's widely conjectured that Baystar's recent abortive bailing-out was actually just a public slap to SCO to get them to make some executive changes. Now Baystar's leverage is increased substantially. It has occurred to myself and to others that what Baystar may be able to do is effectively "foreclose" on SCO - not in the traditional debt sense, but they'll be able to stick a gun to SCO's head and force them to replace board members under threat of Baystar's pulling out, which would effectively bankrupt SCO. Round one - replace the CFO. Round two - put some of our buddies here on the board to provide you with some sage advice.
Then we have Baystar (the Microsoft puppet) effectively inheriting all of the IP claims (by proxy, but the result is the same), which they think are meritorious. This could result in a whole new round of litigation run by someone who's not a complete jackass.
The new litigation may (will)also be a complete pile of bullshit, but it still ties things up in the courts for years. Be afraid, very afraid.
Help save the critically endangered Blue Iguana
Oh my Darl
Oh my Darl
Oh my Da-a-a-arl Clementine
My money is lost and gone forever
SCO closed at five ninety ni-i-i-ine
(If you "get" this, you're probably over 50)
I'm not repeating myself
I'm an X window user; I'm an ex-Windows user
Wonder if their webmaster's making fun of them. In addition the funny image, of course netcraft confirms baystar's running BSD. Does that mean they're dead?
In A.D. 2003
....
War was beginning
Darl: What happen?
Blake: Somebody set up us the DDOS.
Mark: We get signal.
Darl: What!
Blake: Main screen turn on.
Darl: It's You!!
Linus: How are you gentlemen!!
Linus: All your IP are belong to us.
Linus: You are on the way to destruction.
Darl: What you say!!
Linus: You have no chance to survive make your time.
Linus: Ha Ha Ha Ha
Darl: Take off every 'IP claim'!!
Blake: You know what you doing.
Darl: Move 'IP claim'.
Darl: For great injustice.
It was SCO that kept begging for more time, SCO that kept offering cumbersome, insufficient responses, SCO that kept showing up at deadlines empty-handed, SCO that came up with every excuse it possibly could to never actually be in a court room. IBM has quietly bided its time, patiently giving SCO all the rope it ever wanted. And now, precisely as expected, they hang themselves.
It shouldn't be difficult to counter the spin when the facts are on your side.
would be a firesale on a bankrupt SCO IP, that was donated to the OSS effort.
meh
...don't rats desert a sinking ship first?
You know, it's funny. Where I live I continue to see massive construction projects. I see jobs of every type springing up. We've lost far less students due to financial hardship this year. Admissions are up. Donations are up. In short, my spider senses tell ME that things ARE looking up.
Unless you live in Kalifornia, where you can expect some real issues due to immigration, high taxes/cost of living, inflated real estate, and, thanks to NBC, fear of earthquakes - most of the country appears to be on a rebound.
Look, I realize that there are those of you who don't want to hear this kind of good news (or anything that might relect well on the current administration), but it's true from my perspective at least. I don't need the government OR Google to prove the case for me. It's seems pretty clear all on it's own.
One thing is for sure, it might not be the economy of 1998, but it's certainly NOT 2002!
"...Well, there's egg and bacon; egg sausage and bacon; egg and spam; egg bacon and spam; egg bacon sausage and spam..."
Remember they said when they first got into this, that they were covering short positions. Anything they shorted above the $13.50 price is now profit.
+5 insightful
Layoffs? So evil can be offshored also, eh?
Table-ized A.I.
Baystar has what, $80 million in SCO?
What? The original Baystar/RBC investment was $50 million combined, of which, Baystar's part was $20 million. RBC picked up the other $30 million. Today, RBC converted one-third of its investment into SCOX common stock. The remaining two-thirds was sold to Baystar for an undisclosed sum of money, but you can bet it's a helluvalot less than the original $20 million Baystar spent for the same quantity of Series A-1 shares in October.
To be blunt, RBC took it in the shorts on this investment. Baystar screwed them hard. Baystar hooked RBC up with the original PIPE, and then turned around and flushed the value down the toilet with their notice to SCO that they intended to get their money back. They didn't give any indication to RBC about the grounds they were using to justify their demand for the return of capital, so RBC had to stand by and watch their own deadline for making a similar demand expire.
Once that deadline passed, Baystar effectively had first-dibs on picking over SCO's carcass in an ensuing fight. RBC would have to wait until after Baystar got its money back (even though Baystar's investment was smaller) before making any attempt to recover its own investment. This forced RBC's hand. They could sit around and watch their entire $30 million get flushed down the drain, or they could sell (at a loss) most of their investment to Baystar and convert the rest to common stock (at a price that's nearly 2.5x the market price for those common stock shares) in the hopes that they'll get something if SCO wins the lottery.
Unless RBC never expected to make money on this deal for some obscure tax benefit, they got hosed badly. I'd expect to see the idiot at RBC who signed off on this deal resigning very soon to "pursue other opportunities."
Baystar, meanwhile, doubles their position in SCO's Series A-1 convertible preferred stock for a sum that's almost certainly a lot less than the $20 million they paid for the other 20,000 shares, thus reducing their average share price and giving them an ironclad fist around SCO's throat.
Baystar's not as stupid as we originally thought. RBC, meanwhile, comes off looking much stupider than we originally thought.
As an RBC employee and stockholder, thank GOD we got out of that one. It really set my teeth on edge when I found out that RBC had invested in those A**clowns.
This is a quote from the Dao Deh Jing, Lao-Tzu's classic philosophical treatise.
Knowledge is power. Knowledge shared is power multiplied.
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My neighbor left his job at a Canopy company located in Lindon, Utah about a year ago, not too long after this got started. Now he works for Novell.
Awesome! I work for RBC, and all I can say is that I am very pleased with this. I felt absolutely betrayed when I heard the announcement the first time. Since then, my probes into upper management lead me to no satisfactory answers. It's nice to see my management is finally getting it's act together on this issue.
You've just proven your idiocy again. Congratulations!
Now go away or I shall taunt you a second time!
Remember that IBM may have a substantial claim against SCO, Novell, claims it actually owns the IP, and even Red Hat may get a whack.
Best case scenario is (a) Novell does in fact show that it owns SYS V (because all claims against Unix would be gone because Novell has released GPL code (b) IBM wins the suit and owns the remaining SCO assets (c) Daryl freaks and essentially closes the company (d) Baystar is left holding the bag (e) some DA grows a set and starts an investigation and indicts a lot of people
You've got to admit, that would be justice in every quarter. Complete win for Linux.
You were mistaken. Which is odd, since memory shouldn't be a problem for you
Oh I am so proud of the pressure I put on RBC now! WOHOOOOO!
Good programmers drink beer to relieve job stress.
Great programmers drink hard liquor and work best hungover.
The company is going away, so the only thing remaining is to ensure that the people responsible for unleashing the lawsuits and threats don't come away from this mess with any extra cash in their pockets. They started the whole lawsuit thing to get rich off of other people's work, and it would be a shame if the top management who dreamed up the scheme got away with more than cab fare in their pockets.
Of course the lawyers are getting away with most of the profit, but everyone knows that shooting lawyers is the only way to keep them from getting rich off of everyone else's problems so there's no polite solution there.
They've just managed to half their money with this deal, rather than try to get blood out of the SCO stone they're converting to common stock which they're entitled to do, but if you look at the numbers each $1000 preferred share becomes several shares of common stock valued at around $440. Excuse me for finding this hillarious. They thought they could make a quick buck by funsing a viscious and meritless intellectual property attack on IBM and the Linux community in general. Now they're paying the price. I just hope SCO stock tanks some more before these Canadian vultures can cash out.
As for Baystar trying to get blood out of the stone they helped forge, same story, let's hope they never recoup their cash. Maybe it'll be a lesson to the next bunch of greedy S.O.B.s who think about funding the next group of crooks to come along.
USATODAY is an unreliable source, and they use multiple consecutive !s.
The creation of fear is quite likely the primary intent of the lawsuits in the first place.
If the suits are faced with the decision of whether to choose windows or linux, and they think, "hmmm, well there may be potential legal issues with Linux," and hence pick windows, then SCO will have done its job.
So, DON'T be afraid. Fear is the mind killer...
--A/C
More likely, then end of the beginning.
With this I forcee SCO turning from a software company with a panchance for litigation into an IP holder whos only projected revenue stream is lawsuits.
This just signals a focusing of SCOs efforts away from what was a core business, SOFTWARE, and onto what is now its business model (being redmonds courtroom distraction), this is just a holding measure to try to give microsoft the breathing room to change the game again.
with DRM, system management tools and the ubiquity of the media player for HDTV DVD, they are looking to lock out all other competition while everyone is focused on the yapping of this annoying little puppet.
"Pay no attention to the man behind the curtain, he is of no consequence"
Finished, off to bed.
Three, if you count Jean Chretien's frenglais.
Americans have long thought they are smarter than Canadians because they have all sorts of things like numerous wars, less than five per cent of their original forest, and the Disney corporation.
Coincidentally, Canadians have long thought that they are smarter for the same reason.
(Apologies to Douglas Adams.)
Your post makes you look like an idiot and that isn't the type of behavior people look for in an 'consultant' and since you link to what appears to be your business site one can make the assumption that your posts represent the business.
Insulting over 1/2 your possible customer base is never a good idea.
Deficit has no tangible negative effect on the economy. Keynesian economic models prove deficit spending in a recession stimulates the economy. When the economy recovers, the deficits turn into surpluses. If you had read proven economic history, instead of smoking that John Kerry hash you might know this. John Kerry has no economic plan other than to raise taxes, so he whines about the deficit. (Oh yeah I know he wants a middle class tax cut, but Bill Clinton promised that in 1992 as well...I guess when they say tax "cut", they mean tax "hike").
Furthermore, a weak US dollar is great for the US economy. A weak US dollar makes our exports cheaper for foreigners and makes imports more expensive for the locals. The result is more American goods are bought as opposed to a strong US dollar.
One last note, another poster was complaining that consumer debt was at an all time high, including mortgage debt. There is a logical explaination for mortgage debt to be at an all time high -- home ownership is at the highest levels in history!
Try that with kids and a spouse who also has to work. Are you going to insist that your spouse also dump his/her job and move 1500 miles away? And hopefully find another job there? What if he/she loves his/her job?
Try that as a single parent when you live close to family members who help you with day care.
Try that with a sick family member whose medical condition will suddenly become "pre-existing" and not eligible for coverage when you change HMOs.
In other words, try that when you're not a healthy young 20-something with no strings. Try that when you're like most of the population.
Hey, I know the feeling of quitting a job that sucked and I was glad I was in a position once to do that once upon a time. It's great! But it's a luxury, and some things are worth sticking with the most soul crushing job in the world.
This might be poignant, but at least if I were to murder someone and the news media were reporting on it they would say "...an alleged murderer"... Why can't they say "alleged intellectual property rights" as SCO hasn't proved anything yet and there is still doubt here.
----
SCO... An alleged company with an alleged business plan.
10%? They can do better than that. All they really need is their legal team. They already admitted that all they have left is IP litigation.
Thats really good news...
...
Lets watch them burn in the pits of despair
nick
Electronic Music Made Using Linux http://soundcloud.com/polyp
SCOX closed at 6.01 on Thursday and 5.99 on Friday. That does look like an effort to maintain the price.
This only works until SCO runs out of cash, of course.
Seems they lost $10 in the conversion process (and potentially a lot more if they can't sell their remaining share at $13.50 or better). What did RBC gain in this process? They lost me as a client (I used to bank mainly with RBC but have sinced moved to Scotiabank) and, I'm sure, a lot more because we thought it a moral obligation. Does this kind of thing happen often to banking insitutions like RBC?
a large staff is only necessary if you company actually develops and/or supports a product. Surprising they haven't chopped long ago!
They made this announcement after trading hours on Friday, and they already closed below $6 today. If you have a stock tracker, set it to watch SCOX on Monday morning when the market opens. They will easily lose another $.50 by the end of next week. Also, it will be interesting to see how many of the board members quietly dump stock in after hours trading this weekend. Half of them notified the FTC that they would be cashing in stock in small increments. I am betting those increments add up to 150,000 common shares this weekend.
My friend (the evil capitalist) has said that this has always been a race between winning the legal cases, and the stock hitting the magic $4.50 share price when the market figired out the scam. At $4.50, there would likely be a removal of The Darl and his cronies and a cancellation of all court cases and a demand for a new CEO to turn SCO around by INNOVATING instead of LITIGATING. I am watching to see if he's right. See you Monday!
"Curiosity killed the cat, but for a while I was a suspect."- Steven Wright
I'm sympathetic with most of your analysis, but the part about how the existing people running the lawsuit are "jackasses" is wrong.
By "jackass" I assume you mean people that don't know how to win lawsuits against large software corporations. Well, the existing management of Canopy -- who are calling the shots at SCO -- has already settled civil suits against Microsoft ($150 million) and Computer Associates ($40 million).
It's one thing to call your opponent evil -- which I agree with -- and another to call them incompetent -- the $200 million in Canopy's pockets from two prior lawsuits says that they are experienced at this lawsuit business.
The stock was trading at $1 when Darl took over.
The stock was trading at $1 when Darl announced the IBM lawsuit.
It's trading at $6 now.
WTF are you talking about, "running the stock price into the ground"?
Meanwhile, SCO has already sold IP licenses to Microsoft and Sun for more money than the entire market cap of the company at the time they sold the licenses. That is, the company was worth about $18 million when Darl took over, and they sold IP for $20 million to $30 million (I stopped counting at $20 million). That's a lot of revenue for a tiny company like SCO.
Mind if I share this with the RIAA?
Is what most CEO's will do. As long as it is not A.
emt 377 emt 4
It's about time SCO started to crumble. I mean, they may have been crumbling for a long time, but now people are getting wise to their baseless claims and bailing on them.
It's like in Spaceballs, where all the people on board the Mega maid (SCO) are evacuating, and President Skroob (Darl), Dark Helmet (Bill Gates), and Colonel Sandurz (Boies) end up going down with the ship.
Darl reaches for the emergency stock inflation button and it's out of order. Gates says %^&&! Even in corporate america nothing works!!!
And of course, SCO explodes.
*cut to a scene of McBride, Gates, and Boies climbing from the wreckage. Two apes on horses approach*
Ape #1: What is that?
Ape #2: Corporate Screwballs!!!
Ape #1: Oh shit. There goes the planet...
--Z
"...Think of all the resources this is wasting in companies like, IBM, Novell, DaimlerChrysler, Autozone, SGI, Redhat, etc. That could be much more profitably put towards new products, R&D, etc. How many new jobs might be created, instead of wasted on these legal struggles?"
... aw never mind.
You are showing your bias towards geeks and your discrimination towards lawyers. This is a boon for lawy%(#$*&*$(%$.
Seriously though,
..who's gonna employ somebody who has
".... - 2004: Santa Cruz Corporation"
on the last line of his CV.
I mean, I'd rather employ somebody from Microsoft for my OSS-business than somebody who has been with SCO through most of this.
At least, with the MSFT-guy, I feel I have a higher chance that he can do more than just sue and be a notorious sad dog, so to speak.
I really pitty for those getting sacked.
Rainer
Windows 2000 - from the guys who brought us edlin
Briefing.com announcment
/Bank of Canada has elected to covert 10,000 shares of SCOX's Series A-1 Convertible Preferred Stock it currently holds ...
2:01 PM SCO Group receives notice from Royal Bank of Canada of conversion of shares (SCOX): 6.00 -0.01: Co announces that it received on May 5 notice that Royal
Look at the time again: 2:01. Of course, that's New York time. That's an hour and fifty-nine minutes before the markets close.
As far as selling over the weekend goes: the news is out. Anybody who *buys* over the weekend has access to this news, so they know what they are buying and will adjust the price they are willing to pay accordingly. So your whole scenario is all wet. If the insiders sold stock on May 5 or May 6 or May 7, that would be dealing *before* the news.
Also, insider stock sales must be executed in accordance with a plan filed with the SEC (not the FTC). The plan must have no flexibility or discretion in it.
Hey, if you want to learn more about SCO stock, start here: Yahoo! Finance for SCOX. Read the news, read the earnings numbers, check the number of employees, check the insider trades. There's a lot of information available in one spot, and it helps to know the enemy.
This has to be the next geek party trick - buy sco, get the paperwork, and burn it !
:-)
Of course, I'd not be offering much for the stock
What was the point of the car insurance link (click on "Versicherung") in this story??
...that this means absolutely nothing since someone is already set to buy it back up, don't you?
4/07/04 JEFF F HUNSAKER Divisional Officer 5,976 Open Market Sale proceeds of $66,558.83
4/07/04 THOMAS P RAIMONDI Director 11,841 Proposed Sale (Form 144) estimated proceeds of $126,817.11
4/07/04 JEFF F HUNSAKER Vice President 5,976 Proposed Sale (Form 144) estimated proceeds of $64,002.95
4/07/04 THOMAS P RAIMONDI Director 2,363 Exercise of Stock Options at cost of $2,646.55
4/07/04 THOMAS P RAIMONDI Director 11,481 Open Market Sale proceeds of $128,736.45
3/03/04 THOMAS P RAIMONDI Director 11,841 Proposed Sale (Form 144) estimated proceeds of $137,237.19
3/03/04 THOMAS P RAIMONDI Director 11,841 Exercise of Stock Options at cost of $13,261.92
3/03/04 THOMAS P RAIMONDI Director 11,841 Open Market Sale proceeds of $143,276.10
2/04/04 THOMAS P RAIMONDI Director 11,841 Exercise of Stock Options at cost of $13,261.92
2/04/04 THOMAS P RAIMONDI Director 11,841 Open Market Sale proceeds of $170,510.39
And? I don't care what they do - they lost my business, present and future. Good move RBC!
RBC investment in SCO shows their lack of undestanding of their investments in general.
is the pitter patter of tiny feet. The rats (investors) are abandoning a sinking ship. It will soon turn into a stampede.
Enjoy the show!
Professional Politicians are not the solution, they ARE the problem.
It seems that RBC's investment motto is "Buy high, sell low". Just like Baystar's investment strategy, it seems upside down!
This shows your lack of intelligence.
I'm not a religious person myself, but I do respect other people's religious beliefs. And your disrespect and trolling makes your company one that I would never consider hiring under any circumstance.
When you grow up, you may understand this.
So, anyone know who's buying their products?
The shorts are holding up the stock price. They have to buy to cover their stock. They put a lot of upward pressure on the stock price.
Religion is the main cause of atheism.
You would not need to send it to Darl, he would sue you and claim he wrote it.
Someone else actually remembers DOS 4! Here's to you! For a long time, I used DOS-4 as a sort of shorthand IQ test: anyone who was still using it 90 days after DOS-5 came out failed.
DOS-4 started me on my "I hate MS" path, so in that sense, I must thank MS. Why did it do that, you may ask? Was it because its "shell" sucked? Or that it crashed merrily whenever any program touched upper memory? Or because its use of lower memory for command.com was so high? No... although all that helped. It was mainly because edit.com would not save any file without a *.txt extension unless it was imported. So it would not write batch files from scratch! This gave me my first opportunity to hack code. I opened edit.com in a xtgold's hex editor and replaced all instances of *.txt with *.bat and resaved it as editbat.com.
Funny, I was just remembering trying to assign IRQs and DMAs on older boxen running DOS this morning. How quickly we forget.
Actually, we think we're smarter than Canadians because we don't have sizable minority trying to change us from being an English speaking nation, to a bilingual nation. Bendejo.
God invented whiskey so the Irish would not rule the world.
FOR SHIT
done!
Stallman: I know all about Slashdot. We've all seen the tapes a hundred times-
...
Linus: You've seen nothing! Dissecting a dead Linux zealot in a lab is one thing - unleashing them on men is another. You must go into this with both eyes open.
Stallman:
Linus: Are you prepared to go all the way with this, Richard?
Stallman: Yes. Yes, I am prepared to go all the way.
Linus: Good. Good, I knew I could count on you.
Radio: Sir. SCO is about to be overrun in a matter of minutes. Shall we intervene?
Linus: Take us into orbit, Mr. CowboyNeal. We've seen enough.
[Finnish music swells to a crescendo.]
Ah but for how much longer? How long till Spanish becomes the majority langugage in some of the States?
...a short squeeze is unlikely. The way the stock has been dropping, it's much more likely to be a Dead Cat Bounce. The reason the price rises is people with stock options cashing out because they have made good money on that dip.
Remember that people won't experience a short squeeze unless the stock price rises to above the price they bought them for. Like e.g. a surprise legal victory or something. If there was one, it was when slashdotters were advicing you to short at 10$ and it rose to almost $20, not now.
Kjella
Live today, because you never know what tomorrow brings
But Oh!..then the taxpayer will have to pay development costs, and government unaccountability will result in budget over runs etc!! Hello? Isn't that what happens with most of our current defence contracts already? That got me thinking.. I could set up an arms company, put in a bid to win some maybe minor defence contract (special low price), go on holiday all year.. When Defence Procurement guy phones up and asks where we are with the development of Project X9999, I tell him.. Oh, very difficult.. behind schedule, need an extension.. and more of your money.. He writes me a check and makes a diary note to call me again same time next year! Sounds fantastic! Founder and CEO of Royal Cheese Weapons "Can you smell my cheese?"
Only under the American 18th Century, mucho-upgefuckt bizarro-head legal system. Note that the German courts just bitch-slapped them and they haven't even tried to go after people in Britain. Real courts in countries with real legal systems aren't impressed by this sort of crap.
SCO, like 90 percent of all spam, is an American-made problem that is affecting the whole world. The fact that SCO could keep this suit alive as long as it has been able to is symptom of just how messed up the U.S. legal system is. While U.S. companies are spending their time and money in court, somebody in Bangalore is figuring out how to prefect that interface. Sooner or later, this is going to have an effect.
from a card-carrying anonymous coward of the democratic party.
Maybe you should learn how the jobs reports, and unemployment reports are put together.
Initials are for claims. Revisions are after checks have been paid out. Every unemployment office reports initials, then adjusts the numbers according to who actually collected a check. In between, some don't collect a check because they die, they find a job, they leave the country, they get caught for identity fraud trying to collect as more than one person, etc.
Jobs reports are the same. They take numbers from the law requiring advance notice of layoffs, unemployment claims, and many other factors. And then the reports that the employers send in confirm the numbers, or they cause an adjustment. And the amount of taxes paid, tied to the actual number of employees that worked, get reported when the taxes come in. At that point, the employment situation is confirmed because actual taxes were collected, causing an adjustment of numbers that were generated prior to taxes being paid. Once the taxes are paid, THAT's IT. That's the official number. From experience.
Yeah, that's what the rest of the world was hoping when the U.S. kept babbling about all of those WMD that were supposed to be in Iraq and how somebody just had to do something about them before Saddam kills us all. Go back and watch a tape of Powell spinning, nay, lying his ass off in front of the United Nations.
Facts don't help in the face of pig-headed egotistical stupidity, as the daily death of U.S., British, and Polish soldiers in Basra and Baghdad shows quit clearly. Facts gain most of their power in hindsight. Watch for lots of 20-20 "analyst" visions after SCO crashes and burns.
when it's worth nothing. This will drive the price up and then i'll sell at 1 USD making infinite profite.
How long till Spanish becomes the majority langugage in some of the States?
Que?
Hmmm, I just realized I screwed up my Spanish in another post. Hope nobody notices...
Like what I said? You might like my music
Not only that. Take a look at the first few paragraphs, it looks like something Dilbert's Mission Statement Generator came up with:
BayStar makes investments in innovative and promising companies that are potentially synergistic with its portfolio companies as well as its expanding network of strategic relationships.
BayStar is committed to seeking out and fostering strategic relationships that help companies move to successively higher levels of achievement and profitability. The technology executives that have invested in BayStar are an invaluable resource to our portfolio companies, offering industry insights and introductions to key industry contacts. BayStar's experience in the public markets provides proven expertise in the evaluation, preparation and execution of public offerings.
zWhat would an EWOULDBLOCK block, if an EWOULDBLOCK could block would? -- me
but I was born in the good old USA.
"We regret to announce the following layoffs... Homer Simpson... that is all!"
Remember, Slashdot does not have a -1 disagree moderation, and no, troll, flamebait, and overrated are not substitutes.
Feh. Deficit spending is merely a delayed tax increase. We're paying boatloads for Reagan-Bush41 deficits even today.
Are you nuts??? Deficit spending is what most Democrats want to do to grow a stagnant economy. Deficit spending pushes a weak economy into a stronger one. Look, before you make a blindly partisan attack, understand Keynsian theory. this has been around a LONG LONG TIME, and used by BOTH parties. It is so widely accepted as fact I wonder what rock you crawled out from under. Budget surpluses aren't created by tax increases, but a stronger overall economy. Contrary to what the left would have you believe, Clinton's tax increases did not reduce the deficit. Controlled spending and a booming economy did. (Oh btw, policies of any government take about 3-4 years to have significant effect on the economy. This is why it is rediculous to credit/blame any first term president for the economy during his first term.)
Deficit spending is a demand-side impact on the economy, whereas massive tax decreases have the supply-side effect. The deficit spending under Regan (as supported by the democrats) moved the economy forward. I'm a republican, and don't like massive governmenet spending, but both the Reagan tax cuts AND the spending improved the economy and helped bankrupt the USSR. (Before you bash supply side, understand the Federal reserve chairmain during Regan had interest rates did not play ball, keeping interest rates high. Supply side may still be a bunk theory, but it never was implemented like it was intended.)
You obviously are confusing national debt and deficit spending. Deficit spending during WWII broke the cycle of depression. Deficit spending by the government builds up the economy.
Massive national debt *can* affect the economy by increasing interest rates (the government is borrowing so much, it decreases the amount of lower interest rates loans availiable to the market). However this arugment is still wishy-washy, because the Fed will lower interest rates far enough during a recession in an effort to spur growth.
B.S. A weak dollar means your savings and salary have decreased in terms of what they can buy. We may sell more stuff overseas, but you can't buy as much yourself. If the dollar's drop is not accompanied by a matching increase in salaries, then you personally have lost purchasing power, and no economic hand-waving is going to change that.
Do you know anything about economics? A weak dollar doesn't affect you unless you buy something FROM ANOTHER COUNTRY! When the dollar is weak, all american dollars are weak. All american dollars go down at the same time. You can buy just as many *American* goods as you could before, just less imports. That loaf of bread won't cost a dime more to you, because it was made in the USA.
What you are talking about is INFLATION. A weaker US dollar has nothing to do with INFLATION. If there is inflation, that means your dollars have less buying power EVERYWHERE, not just in the US. The "weak" dollar you are talking about is in relation to foriegn currency.
Currently, there is effectively ZERO inflation. Your dollars buy the same amount as they did yesterday, as long as you buy American goods.
Read up on economics before you spout such ignorance.
Unless your livelyhood depends on imported cars and imported chocolate, you won't even notice the weak dollar. You can buy just as many locally grown groceries as you could before.
As far as gasoline is concerned, you argument is hogwash. The #1 reason for gas prices is supply and demand. Consumption is up all over the world: China uses more oil than the United States. OPEC cut production despite higher demand. Higher gas prices do have an impact on the economy, but gas prices are up less from a weaker dollar and more from supply and demand.
If you want to buy something imported, yes you will feel it. Because staples are rarely affected, the vast majority of families will not feel any problem, and the overall economy improves.
Read up on economics, because nothing you have said is based in reality.
Umm, you don't know what "bendejo" or "irony" mean, do you?
God invented whiskey so the Irish would not rule the world.
http://finance.yahoo.com/q/bc?s=SCO&t=5y&l=on&z=l& q=l&c=
(yes the link ends with an equal sign)
Stop invalid scientific research. Ask your local scientists to feed their lab rats with a phytoestrogen-free chow.
How many employees does SCO actually have?
I thought it was just one guy with a bunch of lawyers sueing all the non-SCO unixes?
Just say no to license servers!!
Wow, everyone completely missed the humour in my post!
I completely agree. It is great to hear that SCO is losing their court battles but it is tough to hear people getting laid off. Now all those people have SCO as their last place of employment, that has gotta hurt.
Yeah, but you know what I would ask if I was interviewing them, "Why didn't you leave sooner?"
I doubt would for SCO would be that much of a black mark on your resume, if you were actually smart enough to leave when they started drinking kool-aid. What looks bad is that you continued to work for a company that had no long term business plan, or even a respectable short term one.
Would you really want an employee who either:
A) couldn't tell he was on a sinking ship?
or
B) knew the company was doomed and sat there anyways?
The guy's either got a poor understanding or the market or questionable ethics. Neither is good. I would hope the person could at least say, "I was looking for another job but unable to find one."
Just sitting there one you hands while on a sinking ship isn't good.
Life is too short to proofread.
I completely agree with you on certain points. I can tell you from experience that when I was an intern during the dotbust I never saw it coming. I was offered a full time job making some serious cash but luckily my parents warned me and told me to stay in school. I would have been out of work in 6 months.
Those are the people that I feel sorry for, because they thought it was a great opportunity to get their foot into the door of a big company. Maybe they stayed on too long which is their faults but now what?
Most likely all the techy folks at SCO left awhile ago and all that is left are lawyers and executives.
You mentioned how it is bad to work for a company that has no long term business plan, etc, but for an intern or a recent grad there is no way to really see that. Most interns/new hires dont have that foresight.
Thats all Im saying...Ill pour out a 40 of Jolt for my laid off brothers and sisters.
I ask for a car and I get a computer. How's about that for being born under a bad